Ivar Pae to leave his position as Head of Baltic Banking

Further to our recent decision to align our Baltic business to the Group’s strategy and focus on servicing Nordic customers and international customers with a solid Nordic footprint, we will adjust our management setup in the Baltics.

As local business in the Baltics will be exited, there is no longer a need for a position as Head of Baltic Banking.

As a consequence, it has been agreed with Ivar Pae that he will leave Danske Bank by end of June this year.